Breast Ultrasound Market Size | Industry Report, 2021-2028

 

Breast Ultrasound Market

The Breast Ultrasound Market is projected to grow at a remarkable CAGR during the forecast period (2021-2028).

The factors driving the growth of Breast Ultrasound Market includes increasing cases of breast cancer, growing consciousness about early screening and diagnosis through breast ultrasound and ageing woman population. According to the report published by World Health Organization (WHO), in 2020, around 2.3 million women across the world, were diagnosed with breast cancer, 685,000 out of them died in the same and approximately 7.8 million, were diagnose with breast cancer between 2016-2020. Moreover, the rise in sedentary lifestyles and obesity, growing consumption of alcohol and development of hybrid imaging systems, are some of the additional factors augmenting the Breast Ultrasound Market size. In addition, the increasing Government funding to various cancer research institutions, is further accelerating the market growth, for Instance, the National Cancer Institute (NCI) received USD 6.9 billion by the U.S Government during FY 2021.

However, the growth of Breast Ultrasound Market is hindered due to increasing cost of ultrasound tests in medical facilities.

The prominent players operating in the Breast Ultrasound Market are CANON MEDICAL SYSTEMS CORPORATION, FUKUDA DENSHI, GENERAL ELECTRIC, Hitachi, Hologic, Inc., CMR Naviscan, Koninklijke Philips N.V., Siemens Healthcare GmbH, Hologic, Inc., and Supersonic Imagine among others.

Product – Segment Analysis

Based on Product, the Automated segment is anticipated to capture a sizeable market share over the forecast period attributed to advancements in the breast ultrasound technologies and increasing availability of new products.

End-Use – Segment Analysis

Based on End-Use, the Diagnostics Imaging Laboratories segment is estimated to grow at a faster CAGR during the forecast period increased adoption of imaging techniques and growing awareness about breast ultrasound tests amongst women.

Regional – Segment Analysis

Based on region, the North American region is expected to capture the largest market share over the forecast period. The increasing rate of diagnoses, availability of advanced healthcare facilities, rise in the Government expenditure for funding research institutions and ageing woman population, are some of crucial factors supplementing the growth of North American region.

Market Segmentation

Global Breast Ultrasound Market by Product

  • Conventional
  • Automated

Global Breast Ultrasound Market by End-Use

  • Hospital
  • Diagnostics Imaging Laboratories

Global Breast Ultrasound Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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